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Economy Watch: European View—November 2021 The Conference Board, Inc., 10 pages, December 16, 2021 Report

Economy Watch: European View—November 2021

The Conference Board, Inc., 10 pages, December 16, 2021
Report

Despite headwinds in manufacturing and COVID-19 resurgence, growth in Europe will be above trend in 2022 and 2023. Document Highlights Supply-side disruptions like shipping costs, labor shortages and shortages of raw materials continued for another month to weigh on Europe’s economic recovery. Despite these disruptions primarily taking a toll on the manufacturing sector, The Conference Board Global Economic Outlook 2022 predicts above trend growth in 2022 and 2023 in Europe, with output growth getting back to approximately 1 percent per year over the medium term.

Despite headwinds in manufacturing and COVID-19 resurgence, growth in Europe will be above trend in 2022 and 2023.

Document Highlights

Supply-side disruptions like shipping costs, labor shortages and shortages of raw materials continued for another month to weigh on Europe’s economic recovery. Despite these disruptions primarily taking a toll on the manufacturing sector, The Conference Board Global Economic Outlook 2022 predicts above trend growth in 2022 and 2023 in Europe, with output growth getting back to approximately 1 percent per year over the medium term.

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